STORY OF THE DAY
Prague’s Pařížská becomes CEE’s most expensive high street

Story of the week

News Prague’s Pařížská becomes CEE’s most expensive high street
01
Dec
2022

Prague’s Pařížská becomes CEE’s most expensive high street

by Property Forum
Following the pause caused by the coronavirus pandemic, Cushman & Wakefield has brought back the Main Streets Across the World report, ranking 47 countries by headline rents in best-in-class urban locations in each of them. The Czech Republic is newly represented by Prague’s Pařížská Street, which has replaced Na Příkopě as the country’s most expensive street. Among the other most expensive main streets of the world, Pařížská ranks 17th (Na Příkopě ranked 18th in 2019) and comes first in the CEE region. As compared by the survey, the highest prime rent achieved in Pařížská as of this year’s third quarter amounts to €2,719 per square metre per year, or approximately €227 per square metre a month.
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Investment

News investment logistics MLP Poland shares warehouse
02
Dec
2022

MLP Group raises PLN 183.5 million in share issue

by Property Forum
MLP Group has successfully carried out a public offering of Series F shares by way of a private placement, directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of €100,000. Based on an accelerated bookbuild process, the issue price of Series F shares was set at PLN 70.
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UPS HQ near Prague changes owners Ghelamco sells Warsaw’s Plac Vogla retail centre French investor buys office complex in Budapest

Residential

News Bucharest NEPI Rockcastle residential Romania shopping mall
02
Dec
2022

Details emerge of Mega Mall resi expansion in Bucharest 

by Property Forum
Mega Mall, the shopping centre in Bucharest owned by NEPI Rockcastle, will be expanded with new stores and a residential component that will include around 180 apartments. 
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JTRE tops out Eurovea Tower in Bratislava Hungary’s residential market continues to cool down Prague housing supply still doesn’t meet demand

Industrial

News 7R logistics Poland warehouse Wrocław
01
Dec
2022

7R Park Wrocław West II gets a building permit

by Property Forum
7R Park Wrocław West II has been granted a valid building permit. This is another development in the Lower Silesian Voivodship to be invested in by 7R. The facility will be built in Kąty Wrocławskie. Ultimately, it will provide nearly 44,000 sqm of class-A logistics and production area.
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Tenants are shifting their focus to BTS facilities in Poland ESA Logistika takes up 30,000 sqm from Panattoni in Warsaw Flex takes 17,100 sqm at Panattoni Park Elbląg

Interview

News CEE Christopher Mertlitz Europe industrial investment retail WP Carey yields
01
Dec
2022

Upward pressure on yields across Europe to continue in 2023

by Nicolae Ovidiu
Christopher Mertlitz, Managing Director, Head of European Investments at W. P. Carey, talked to Property Forum about the environment for property transactions in 2023 and the company’s focus on mission-critical projects in its portfolio.
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Czech industrial market sees further rental growth acceleration Regional cities can help make Romania the next Poland Hotel investors are more cautious than ever before

Office

News Brno construction CTP Czech Republic development office
30
Nov
2022

CTP to build high-tech office building in Brno

by Property Forum
CTP is constructing a brand-new office building in the premium office complex Vlněna, located on a former Brno brownfield site. It aspires to be the most modern building of this type in Central Europe. This 61-metre-high glass building will be located in the centre of the Moravian metropolis, will be completed by mid-2024 and will cost CZK 600 million (€24.65 million), the developer announced.
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Zeitgeist to finish reconstruction of Prague palace in 2023 Penta secures €74 million loan for Prague office project 20% of European office stock could become flex

Career

News career Hungary Indotek
29
Nov
2022

Indotek Group appoints International Sales Director

by Property Forum
Indotek Group has appointed an International Sales Director to support the company's growing international presence. The position will be held by András Kovács, the company's current Sales Director, who will continue to oversee sales in Hungary. Under the appointment, the specialist will be responsible for international office (non-retail), warehouse and logistics real estate sales and leasing activities. The new position was necessitated by the dynamic growth of the company's international real estate portfolio and ambitious expansion plans.
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GTC promotes Ziv Gigi to Executive Director for SEE Prologis names new Country Manager for Hungary Pavăl Holding creates new office division and names MD

Report

News Archicom Echo Investment financial report investment Poland Resi4Rent
29
Nov
2022

Echo-Archicom Group reports PLN 125 million in net profit

by Property Forum
Handing over 1,650 apartments for sale and rent to customers, maintaining 100% of the lease level in all completed Resi4Rent buildings, increasing the turnover of Libero in Katowice and Galeria Młociny in Warsaw – this is a summary of the Echo-Archicom Group's operating activities in three quarters of 2022. During this time, the Group generated PLN 125 million in net profit.
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Resi developers are feeling the ESG pressure but is that enough? Romania's logistics market set to attract more investment in 2023 Czech office market offers limited investment opportunities

Retail

News Karuzela Holding Kołobrzeg Mitiska REIM Poland retail
29
Nov
2022

Mitiska REIM opens retail development in Kołobrzeg

by Property Forum
Mitiska REIM has announced the opening of a new retail centre development in the Polish city of Kołobrzeg. Developed in a joint venture with local partner Karuzela Holding and designed to achieve a “Very Good” score on the BREEAM in-use scale, this is the third retail development project opened by Mitiska REIM and Karuzela Holding in Poland this year. Financing for the new retail centre was provided by AION and mBank.
Read more >
Kaufland reaches 1,500 hypermarkets in Europe  Bucharest moves up in most expensive shopping street ranking  Indotek Group starts revamp of Târgu Mureș shopping centre 

Hotel

News holiday hotels Poland resort Sun & Snow
29
Nov
2022

Poles like New Year's Eve in the mountains

by Property Forum
The most popular destinations for New Year’s Eve and New Year’s Day in the winter season are Zakopane and Krynica Zdrój, a Sun & Snow survey has found. Karpacz, Kraków and Gdańsk are also catching on. 
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Czech company to build hotel complex in Dubai Hotel assets are more popular in Europe than in Poland Hyatt comes back to Poland

Economy

News airport architecture economy Foster+Partners Poland
15
Nov
2022

Foster + Partners to design new CPK airport in Poland

by Property Forum
A Foster + Partners and Buro Happold consortium has won the competition to design the new CPK airport between Warsaw and Łódź. 
Read more >
Bulgaria to focus on increasing energy efficiency ECB raises interest rates for the first time in 11 years

New leases

  • Kraków's Nowe Czyżyny centre will be home to a new brand from the sports segment. The Newbridge leasing department has signed a lease agreement with 4F. In recent weeks, Monnari, Triumph and W.Kruk have also debuted in the facility, while Empik is preparing to open a store.
  • ROCKWOOL is expanding its office space in the Nowy Rynek D building, developed by Skanska in Poznań. In 2020, a competence centre was established on an area of 6,000 sqm. Now, the company has decided to lease additional 900 sqm.
  • Primark has opened the doors of its fourth shop in Poland for the first time in Katowice's Silesia City Center. The store occupies more than 3,600 sqm of retail space.

New appointments

  • Tezenis brand has joined the tenants of Galeria Warmińska. This is the first showroom of this Italian brand in Olsztyn in Poland. The new boutique occupies an area of approximately 190 sqm.
  • Anna Trębicka will be responsible for the integration of all CBRE business lines in the Łódź region in Poland, as well as the development and proper functioning of the Łódź branch.
  • 108 Agency announced the appointment of Petr Jílek as the new Head of Property Management for the Czech Republic.

Latest news




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